v3.25.1
Reportable Segment and Geographic Information (Tables)
 3 Months Ended
Mar. 30, 2025
Segment Reporting [Abstract]  
Schedule of Operating and Reportable Segment The following represents the results of the Company’s single segment as presented and reviewed by our CODM:
Three-Month Period Ended
March 30, 2025March 31, 2024
(in thousands, except per share data)
Revenue$61,296 $79,636 
Cost of revenue
Labor21,268 20,751 
Direct expenses20,647 32,793 
Cost of tool revenue 1,030 8,260 
Depreciation and amortization4,094 4,852 
Total cost of revenue 47,03966,656
Gross profit 14,25712,980
Research and development expense3,249 4,012 
Selling, general, administrative expense
Labor7,114 6,157 
Direct expenses7,777 4,939 
Depreciation and amortization139 73 
Total selling, general, and administrative expense$15,030 $11,169 
Operating loss (4,022)(2,201)
Other expense:
Interest expense1,812 2,390 
Total other expense$1,812 $2,390 
Loss before income taxes(5,834)(4,591)
Income tax expense (benefit)384 41 
Net loss$(6,218)$(4,632)
Schedule of Revenue by Country
The following table discloses revenue for the three-month periods ended March 30, 2025 and March 31, 2024 by country as determined based on customer address:
Three-Month Period Ended
March 30, 2025March 31, 2024
United States$57,247 $76,224 
Canada2,312 2,233 
Hong Kong474 47 
United Kingdom— 285 
All others1,263 847 
Total$61,296 $79,636